Mitsubishi Electric Announces Status and Conclusion of Company Stock Repurchase

Core Points - Mitsubishi Electric Corporation has concluded its stock repurchase program, which was approved by the Board of Directors on April 28, 2025, in accordance with Japanese corporate law [1][2] - The company repurchased a total of 29,893,600 shares, with an aggregate value of JPY 18,618,025,600 as of October 30, 2025 [2][5] - The company reported a revenue of JPY 5,521.7 billion (approximately USD 36.8 billion) for the fiscal year ending March 31, 2025 [3] Stock Repurchase Details - Type of shares repurchased: Common stock [2] - Maximum number of shares approved for repurchase: 60,000,000 shares, representing 2.89% of issued and outstanding shares [2] - Maximum aggregate value for the repurchase program: JPY 100 billion [2] - Repurchase period: April 30, 2025, to October 31, 2025 [2] Financial Performance - Consolidated revenue for the first half of fiscal 2026 (ending September 30, 2025) was JPY 2,732.5 billion, reflecting a year-on-year increase of JPY 88.9 billion, or 103% [5] - Operating profit details were not fully disclosed in the provided text [5] Strategic Investments - Mitsubishi Electric Hydronics & IT Cooling Systems has acquired a stake in Intramech Pty Ltd., a South African company specializing in HVAC and IT cooling systems [6][7] - This investment aims to enhance Mitsubishi Electric's sales and service capabilities in the region [7] Collaborative Initiatives - Mitsubishi Electric, in collaboration with Waseda University, Technical University of Denmark, and The University of Sydney, is developing a thermal comfort index to promote health and productivity in office environments [8]